CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India Ratings and Research has revised India’s GDP growth forecast for FY22 to what amount?
A
9.8%
B
8.4%
C
9.4%
D
6.5%
Explanation: 

Detailed explanation-1: -India Ratings and Research (Ind-Ra) has revised India’s real GDP growth projection for 2022-23 downwards to 6.9 per cent from 7 per cent estimated earlier.

Detailed explanation-2: -India’s gross domestic product (GDP) growth is projected to slip to 7 per cent in the current fiscal ending March 2023 owing to weak demand, according to the first official estimate released by the Statistics Ministry on Friday. India had recorded a 8.7 per cent GDP growth in 2021-22.

Detailed explanation-3: -India’s GDP growth: “We have retained our India growth outlook at 7.3 per cent for the fiscal 2022-23 and 6.5 per cent for the next fiscal year, although we see the risks tilted to the downside, ” the ratings agency underscored.

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